USD/JPY: The Greenback pushes higher as US Retail Sales beat expectations
The US Dollar has turned higher again on Wednesday, to test resistance at the 148.00 psychological level, boosted by higher-than-expected US Retail Sales figures. Retail Consumption increased at a 0.6% pace in December, above November’s 0.3% increase and beating expectations of a 0.4% increase. Excluding automobiles, sales of other products rose at a 0.4% pace, […]
The US Dollar trades in the green across the board
The US Dollar (USD) is seeing its status as King within reach with the US Dollar Index (DXY) popping above a few important technical levels. The move comes with markets finally realizing that rate cuts will not take place before June for either the US Federal Reserve (Fed), the European Central Bank (ECB) and the […]